Kering, the luxury goods company, reported a 10% revenue decline in the final quarter, primarily due to struggling sales at Gucci, which fell over 20% in 2025. New CEO Luca de Meo aims to revitalize the brand and the company, asserting that the current performance does not reflect its true potential. Initiatives to strengthen finances and cut costs are underway, with a detailed growth strategy to be unveiled on April 16. Overall, Kering’s revenue dropped to 14.7 billion euros, with a significant decline in net profit to 72 million euros.
